XAO Banter Thread

[Wysiwyg]

Looks like the sellers are sitting back for a higher price. Who gonna buy now?

 

[CanOz]

Looks like the sellers are sitting back for a higher price. Who gonna buy now?

Expecting rotational trading until the jobs report comes out...

 

[Wysiwyg]

Oh I didn't think of that. One hour to go for the release of information at 11.30 a.m.

 

[CanOz]

Oh I didn't think of that. One hour to go for the release of information at 11.30 a.m.

This is handy to look at before the market opens, even the day before...

Economic Calandar

 

[Wysiwyg]

This is handy to look at before the market opens, even the day before...

Economic Calandar

Thanks for that. I also use FX Factory when I am short term trading.

 

[CanOz]

Spi selling off, no more kool aid

 

[Wysiwyg]

Breakout

Time to sell then at least for a rally pullback.

 

[notting]

Yeah I'm thinking good time to step aside and look for what is going to happen next.

 

[notting]

Macquarie's equity strategy desk has told clients to have a very serious think about this rally in materials stocks urging investors to maintain an underweight exposure.

Basically, the sector is expensive. You might be surprised to hear it has never been more expensive trading at 24 times forecast earnings.

If history is any guide, buying materials at a time when they are expensive points to an annual loss of around 10 per cent.

The brains trust appears in agreement.

The Doha 'Dho' which was always just a kind of propaganda mission has been softened by the Kuwait strike. But even if oil does go all the way to 50, which seems pretty good at this point. It isn't! Most are still stuffed around there especially Ausi oilers and gas producers.

 

[Wysiwyg]

Yeah I'm thinking good time to step aside and look for what is going to happen next.

On the S&P 500, the low in August last year and the lower low in Feb this year has me doubting a further sustained rally for U.S. markets (and resultantly Aust.). I fear the obligatory bear market is nearing.

 

[CanOz]

Oil and China today....this was going pair shaped during the Kuroda speech i think...had Waza here so wasn't sure what caused it all...

 

[Gringotts Bank]

I've been offloading like crazy this morning, biting my tongue on some. Looking weak across the board.

 

[CanOz]

I've been offloading like crazy this morning, biting my tongue on some. Looking weak across the board.

We're at an interesting juncture. I'm bullish above 5200....but if that get taken out....there would have to be some laggard longs in pain...

 

[Gringotts Bank]

We're at an interesting juncture. I'm bullish above 5200....but if that get taken out....there would have to be some laggard longs in pain...

I feel a bit like the dog in the front seat this morning.

 

[CanOz]

lol....

The Heng Seng looks like its rolled over, or putting in a new bracket, perhaps the SPI will fold if that test 21000 today...

 

[Gringotts Bank]

Tomorrow will be one of those **** days where there's no opportunities anywhere. Friday also. Might as well turn the comp off.

 

[Joules MM1]

James Foster ‏@JFosterFM 16m16 minutes ago

AU Q1 CPI: Core (trimmed mean) +0.2%q/q (exp +0.5%, prior +0.6%) & +1.7%y/y (exp +2.0%, prior +2.1%). #ausbiz

 

[Joules MM1]

Joules MM1
2016-Apr-27 12:02:37
claw on that one, bears !
Joules MM1
2016-Apr-27 12:02:16
Joules MM1

2016-Mar-10 14:03:33
right or wrong i've just re-committed super funds to aussie only stocks

Joules MM1
2016-Apr-27 12:01:33
(phew) i recently renewed all super cash into aggressive aussie funds too.....

tradingfloorchat.com/room/5-stock-chat

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bwark.... puck puck puck.......

 

[notting]

All the heads are sayen the central banks have lost their mojo.
Yet we get soft reports from The States and the markets still treat the bad as good.
Be treading carefully at this point...

 

[notting]

I feel a bit like the dog in the front seat this morning.

Just don't be the dumber dog that just says, 'f^ck it,' and starts driving!